Messari releases LayerZero 2024 Q2 status report: LayerZero adds support for 12 new networks

Messari released the LayerZero Q2 2024 status report, which added support for 12 new networks, facilitated the transfer of $5 billion in encrypted assets, and increased the average value of each transfer by 78% to over $400. The transfer volume on the Ethereum network increased by 26% compared to the previous month, reaching $913 million, mainly due to the Dencun upgrade reducing gas fees and the introduction of full-chain heavy staking. On June 20th, LayerZero airdropped ZRO tokens to 1.28 million eligible wallets, using anti-witch attack measures and a "donation proof" mechanism. In the second quarter, LayerZero supported over 50,000 contract deployments for full-chain applications (OApps), covering multiple fields such as games, DeFi, and AI. LayerZero currently supports secure communication for over 80 networks, providing interoperability solutions for full-chain applications.

Comments

All Comments

Recommended for you

W2140 EXPO ·

[Extrefaster] The W2140EXPO Organizing Committee attaches importance to the Thai government

The W2140EXPO Organizing Committee attaches importance to the Thai government
W2140 EXPO ·

BangkokW2140World Ai + Web3 ExpoConferenceHold, Thailand Tourism and Sports Minister attended

BangkokW2140World Ai + Web3 ExpoConferenceHold, Thailand Tourism and Sports Minister attended
W2140 EXPO ·

[Popular Exhibition] W2140 World Expo (Thailand Station) receives gold financial support

W2140 World Expo (Thailand Station) receives gold financial support
Glassnode ·

Revisiting the Mean

Following a 10% price correction, the Bitcoin market has rebounded back to the $63k level, in an attempt to reclaim the critical Short-Term Holder cost-basis.
Cointime精选 ·

Trump Is Winning And We’re Closer Than Ever to Freeing Ross: NIKOLAUS

According to the world's largest prediction market, Polymarket, the pro-Bitcoin candidate for the upcoming presidential election, Donald Trump has taken a 13% lead over Kamala Harris.
Cointime精选 ·

Citi Token Services for Cash goes live

A year ago, Citi unveiled two tokenized deposit solutions in pilot mode. Citi Token Services for Cash enables enterprises and institutions to move money between Citi branches around the world 24/7. This is now available commercially, with Mars as one of the first clients.
Hong Kong Treasury Department Deputy Secretary Chan Ho-lim called on investors to participate in virtual currency trading through licensed exchanges

Chen Haolian, Deputy Director of the Hong Kong Financial and Treasury Bureau, called on investors to participate in virtual currency trading through licensed exchanges. Chen Haolian stated that the Hong Kong government is actively building the entire ecosystem, and the Investment Promotion Bureau is currently promoting relevant companies to expand their business in Hong Kong. The ecosystem of virtual assets includes not only exchanges, but also funds for trading virtual assets and central bank digital currencies (CBDCs). Consultation on stablecoin regulation has been completed, and relevant legislation is currently being prepared for submission to the Legislative Council.
Cointime精选 ·

Money Routers

Hello,Crypto’s killer application is already here in the form of stablecoins. In 2023, Visa did close to $15 trillion in transaction volume. Stablecoins did about $20.8 trillion in total transaction volume. Since 2019, $221 trillion in stablecoins have been exchanged between wallets.Over the past few years, the equivalent of global GDPs has been moving through our blockchains. Over time, this capital has accumulated in different networks. Users switch between protocols for better financial opportunities or lower transfer costs. With the arrival of chain abstraction, users may not even know they are using a bridge.
Cointime精选 ·

PvP

PvP, or “player vs. player,” is a phrase used often by shitcoin traders to describe this current market cycle. The sentiment it evokes is predatory, where winning comes at the expense of others. That is so TradFi. The express purpose of the crypto capital markets is to allow those who risk their precious capital to enjoy the fruits of being “early” into projects that hopefully will grow apace with Web3. But oh, how we have strayed from the enlightened path laid down for us by Lord Satoshi and then subsequently Archangel Vitalik with his very successful Ether initial coin offering (ICO).
Cointime精选 ·

Synthetix Quarterly Report — Q3 2024

Over the past few months, the Synthetix Protocol has undergone significant developments and faced a range of challenges as it continues to expand and evolve. In this report, we will explore some of the key highlights, such as the successful migration to V3, new market launches, and governance updates. We’ll also dive into the challenges that have surfaced, particularly around liquidity, integration delays, and governance complexities. Let’s take a closer look at both the achievements and obstacles during this transformative period.